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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by Nossy45on Oct 18, 2016 4:46pm
113 Views
Post# 25357797

Potential Trading Play

Potential Trading Play
Shorting at this point wouldn't be particularly rewarding. Expect some buying in the next few days. The company won't go under, and is probably going to get more buzz towards the earnings.

However, with a share price of $6 and a bad ER I could see CXR going to $2.50 USD which is around $3-4 CAD.

That being said, it's just really not rewarding to short here ... but in a few weeks probably will be very lucrative.

Also, This board is riduculous
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